What tools do you use to keep track of your portfolio's performance? risk? stuff like that?
What's you mean about the portofolio? Are you mean about to tracking our performance in trading and the portofolio result? 
Topic: The Best Time to Become a Trader - page 19. (Read 28895 times)
“Soon, though, I became aware that there was an even bigger game available to players like me. It was, in fact, the biggest game in town -- the international financial markets. So my interest shifted from playing cards to playing the markets.” - James Frazer
Someone in a West African country - a young man - had exhausted all means of getting a reliable livelihood, including hard manual labor. He resorted to commercial motorcycle riding. At least, he was able to get some money to feed his family.
One day, he’d a near fatal accident, and got confined to bed for weeks. I thought he’d never go back to commercial bike riding. I was wrong! Since he thought he’d no alternative, he went back to that job.
The young man went back to a job that nearly claimed his life because he’d no alternative; yet many quit trading because they lost negligible amount of money. People suffer ignominious defeat in other areas of their life and careers, and they don’t see any big deal in that. Nonetheless, they see a big deal in trading losses and they think there are better alternatives.
There are many people who tried to discourage me from trading when I started. These were people who were considered intelligent and successful in other fields, like religion, education, politics, etc.
For example, one respected religious man told me that he didn’t want to become a trader because he knew those who wanted to make heaven shouldn’t trade. What a totally wrong opinion about trading? That statement could discourage ignorant people from attaining their potential as traders. The man later sent me a personal email, asking me to remove him from my mailing list because he wasn’t a “businessman,” and he wasn’t interested in trading. I quickly removed him from my mailing list. He later blocked me on Facebook because he didn’t want to see some of my posts, which obviously related to trading.
I wasn’t deterred by his actions, for I knew his actions were also lined with envy. I knew he wasn’t the one to feed me or carry my responsibilities for me. He’d his own responsibilities and he’d even be glad if someone like me offered him some cash.
Years later, the same man was surprised that I’m still a trader, with a measure of success. I even sent him some money recently. He was grateful for the gift.
When Should You Become a Trader?
Now is the time for you to decide to become a trader. You chances of success are greater than you can imagine.
How can this be possible? I’ll reveal the secrets in my coming articles.
Most people come to trading as a last resort: When they’re completely down, when they’ve nothing to rely on and they’ve exhausted other possibilities. This is a wrong time to become a trader, since the financial pressure on you would make it impossible to trader with sane logic and rationality.
It’s better for you to become a trader when you’ve another sources of income. When you know that some initial challenges you encounter wouldn’t endanger your wellbeing (and perhaps, that of your family).
When you’re supported by your family, your life as a trader would become easier. Joe Ross, a trading veteran, once said his wife suggested that he write down what he knew about trading so that his children could learn in the event they ever wanted to take up trading. What he wrote at that time became his first book. Joe Ross clearly had support from his family. What a blessing!
Don’t Give Up Trying to Become a Successful Trader
Several years ago, when I encountered initial challenges in trading, I was tempted to give up. However, I was lucky to come across some things that encouraged me to keep on going. I knew I’d no better alternatives than trading. Now I’m happy to be a trader. I can only look forward to a brighter future.
Trading success is sweet, liberating and enriching. There are numerous known and unknown traders all over the world, who make decent profits on monthly and annual basis. They won’t exchange this wonderful privilege for anything! By not giving up trying to become a successful trader, you’ll soon experience the joy of financial freedom that comes with trading.
Conclusion: Many a good trader has survived the point at which chicken-hearted people quit, and has been rewarded. If we also imitate such determined traders, we’d survive whatever the hurdles we come across and we’ll enjoy rewards greater than what people think we can enjoy.
This article is ended with the quote below:
“Roald Amundsen says: Adventure is merely bad planning. I have talked about Amundsen before and focused in particular about how his success as an explorer was a function of his obsessive planning. What strikes me about people who are successful in very difficult fields is that they all share similar traits, attributes or philosophies. Much the same could be said about traders and trading/. If you are find trading an adventure or it is exciting/stressful then you are most likely doing it incorrectly.” – Chris Tate (Source: Tradinggame.com.au)
Someone in a West African country - a young man - had exhausted all means of getting a reliable livelihood, including hard manual labor. He resorted to commercial motorcycle riding. At least, he was able to get some money to feed his family.
One day, he’d a near fatal accident, and got confined to bed for weeks. I thought he’d never go back to commercial bike riding. I was wrong! Since he thought he’d no alternative, he went back to that job.
The young man went back to a job that nearly claimed his life because he’d no alternative; yet many quit trading because they lost negligible amount of money. People suffer ignominious defeat in other areas of their life and careers, and they don’t see any big deal in that. Nonetheless, they see a big deal in trading losses and they think there are better alternatives.
There are many people who tried to discourage me from trading when I started. These were people who were considered intelligent and successful in other fields, like religion, education, politics, etc.
For example, one respected religious man told me that he didn’t want to become a trader because he knew those who wanted to make heaven shouldn’t trade. What a totally wrong opinion about trading? That statement could discourage ignorant people from attaining their potential as traders. The man later sent me a personal email, asking me to remove him from my mailing list because he wasn’t a “businessman,” and he wasn’t interested in trading. I quickly removed him from my mailing list. He later blocked me on Facebook because he didn’t want to see some of my posts, which obviously related to trading.
I wasn’t deterred by his actions, for I knew his actions were also lined with envy. I knew he wasn’t the one to feed me or carry my responsibilities for me. He’d his own responsibilities and he’d even be glad if someone like me offered him some cash.
Years later, the same man was surprised that I’m still a trader, with a measure of success. I even sent him some money recently. He was grateful for the gift.
When Should You Become a Trader?
Now is the time for you to decide to become a trader. You chances of success are greater than you can imagine.
How can this be possible? I’ll reveal the secrets in my coming articles.
Most people come to trading as a last resort: When they’re completely down, when they’ve nothing to rely on and they’ve exhausted other possibilities. This is a wrong time to become a trader, since the financial pressure on you would make it impossible to trader with sane logic and rationality.
It’s better for you to become a trader when you’ve another sources of income. When you know that some initial challenges you encounter wouldn’t endanger your wellbeing (and perhaps, that of your family).
When you’re supported by your family, your life as a trader would become easier. Joe Ross, a trading veteran, once said his wife suggested that he write down what he knew about trading so that his children could learn in the event they ever wanted to take up trading. What he wrote at that time became his first book. Joe Ross clearly had support from his family. What a blessing!
Don’t Give Up Trying to Become a Successful Trader
Several years ago, when I encountered initial challenges in trading, I was tempted to give up. However, I was lucky to come across some things that encouraged me to keep on going. I knew I’d no better alternatives than trading. Now I’m happy to be a trader. I can only look forward to a brighter future.
Trading success is sweet, liberating and enriching. There are numerous known and unknown traders all over the world, who make decent profits on monthly and annual basis. They won’t exchange this wonderful privilege for anything! By not giving up trying to become a successful trader, you’ll soon experience the joy of financial freedom that comes with trading.
Conclusion: Many a good trader has survived the point at which chicken-hearted people quit, and has been rewarded. If we also imitate such determined traders, we’d survive whatever the hurdles we come across and we’ll enjoy rewards greater than what people think we can enjoy.
This article is ended with the quote below:
“Roald Amundsen says: Adventure is merely bad planning. I have talked about Amundsen before and focused in particular about how his success as an explorer was a function of his obsessive planning. What strikes me about people who are successful in very difficult fields is that they all share similar traits, attributes or philosophies. Much the same could be said about traders and trading/. If you are find trading an adventure or it is exciting/stressful then you are most likely doing it incorrectly.” – Chris Tate (Source: Tradinggame.com.au)
Thanks for giving us an information for sharing us some tips of advice to become a good trader going to a successful traders. I do believed for us to become a trader if you know to yourself that you are determined, and decided for it look for the site teaching about in trading that's your first step you can do. Then always do some research about in trading whether in bitcoin/ Forex trading. Check the the characteristics of the traders, from strong and weak, how they act when and where there gonna move their step something like that.
What tools do you use to keep track of your portfolio's performance? risk? stuff like that?
Imo I think the best time to start trading is when the bubble burst and you can afford to buy some cheap bitcoins to trade with as prices are pulled down.
But of course trading knowledge will be your best stepping stone to be successful at it.
But of course trading knowledge will be your best stepping stone to be successful at it.
Affordability should never be an issue when it comes to trading. The only thing traders care about is that they have enough volatility that allows them to benefit in a decent manner from basically every fluctuation. And sure, the experience that you have been building up throughout the years will help you in the best possible way, but that's obvious. Without any form of experience in trading you're basically gambling.
There is no specific time to become a trader, it completely depends on the way you acquire knowledge about trading. Trading is a completely different task where you have to manage yourselves according to the situation of the market. Once you are confident about your money management through trading, then you can start trading.
yes there's no specific time to become a trader. Many newbies when something is hype, they keep on telling "I want to be like that, I want it". They are not thinking that this type of career isn't something that needs focus and good knowledge for the market of bitcoin. I guess when you've got enough knowledge on it, that's the best time to become a trader.
But of course trading knowledge will be your best stepping stone to be successful at it.
Anytime you can be a trader as even at minimum amount you can start trading, but you should know what really is your passion, if you love trading then I'm sure you will be able to learn and improve in the long run. The journey you are taking will be simple if you are optimistic you can learn and succeed. Good time to do it the soonest to take advantage on the volatile market of crypto currencies and that offers great opportunity to make big amount of profit even in a short period of time.
Anytime we can become a gambler but only after gaining required skills we can become a trader. If we start trading instantly once we decided to, then we cannot expect good results with trading (but we can start gambling once we decided about it).Trading should be done in a professional way, otherwise there will be no guarantee to secure our capital. To learn the professional way of trading, we must need some time for learning.
Practising first with a demo trade account is good because that way you don't risk real money. less stress too.
There is no specific time to become a trader, it completely depends on the way you acquire knowledge about trading. Trading is a completely different task where you have to manage yourselves according to the situation of the market. Once you are confident about your money management through trading, then you can start trading.
yes there's no specific time to become a trader. Many newbies when something is hype, they keep on telling "I want to be like that, I want it". They are not thinking that this type of career isn't something that needs focus and good knowledge for the market of bitcoin. I guess when you've got enough knowledge on it, that's the best time to become a trader.
Though it is true that we must make mistakes before we can get things right. Hence newbies may endevour into things they want to have - this may have a positive or a negative impact. In trading as long as the amount traded is not huge, even a small loss is worth it - since that will be a lesson for the trader, a lesson they will never forget.
However I suggest everyone to learn about trading, market capitals, how and when to buy/sell and how to not go for panic selling.
It is true and it is important as well. Mistakes are important to shape the person properly, simply because we are also humans. In trading if we make mistakes we will learn better and in future the experience will help us overcome other difficulties. Hence newbies should get a basic idea of trading and how its done first then start with small amounts before going into other bigger trades.
Soon, though, I became aware that there was an even bigger game available to players like me.Regardless of how great a trader you ever become, you can always get better . When the stock market opens at 9:30 AM, there is a lot of volatility during the first half hour of trading.
There is no specific time to become a trader, it completely depends on the way you acquire knowledge about trading. Trading is a completely different task where you have to manage yourselves according to the situation of the market. Once you are confident about your money management through trading, then you can start trading.
yes there's no specific time to become a trader. Many newbies when something is hype, they keep on telling "I want to be like that, I want it". They are not thinking that this type of career isn't something that needs focus and good knowledge for the market of bitcoin. I guess when you've got enough knowledge on it, that's the best time to become a trader.
Yeah it's not an easy job and actually I didn't sold some of my coins while the price is ATH. And for the people that are hoping to try this out and be a good trader it's now your chance to buy bitcoins now, it's dropping and don't forget that after the price of bitcoin drops. Another thing is assured, it will increase again.
There is no specific time to become a trader, it completely depends on the way you acquire knowledge about trading. Trading is a completely different task where you have to manage yourselves according to the situation of the market. Once you are confident about your money management through trading, then you can start trading.
yes there's no specific time to become a trader. Many newbies when something is hype, they keep on telling "I want to be like that, I want it". They are not thinking that this type of career isn't something that needs focus and good knowledge for the market of bitcoin. I guess when you've got enough knowledge on it, that's the best time to become a trader.
There is no specific time to become a trader, it completely depends on the way you acquire knowledge about trading. Trading is a completely different task where you have to manage yourselves according to the situation of the market. Once you are confident about your money management through trading, then you can start trading.
yes there's no specific time to become a trader. Many newbies when something is hype, they keep on telling "I want to be like that, I want it". They are not thinking that this type of career isn't something that needs focus and good knowledge for the market of bitcoin. I guess when you've got enough knowledge on it, that's the best time to become a trader.
Though it is true that we must make mistakes before we can get things right. Hence newbies may endevour into things they want to have - this may have a positive or a negative impact. In trading as long as the amount traded is not huge, even a small loss is worth it - since that will be a lesson for the trader, a lesson they will never forget.
However I suggest everyone to learn about trading, market capitals, how and when to buy/sell and how to not go for panic selling.
There is no specific time to become a trader, it completely depends on the way you acquire knowledge about trading. Trading is a completely different task where you have to manage yourselves according to the situation of the market. Once you are confident about your money management through trading, then you can start trading.
yes there's no specific time to become a trader. Many newbies when something is hype, they keep on telling "I want to be like that, I want it". They are not thinking that this type of career isn't something that needs focus and good knowledge for the market of bitcoin. I guess when you've got enough knowledge on it, that's the best time to become a trader.
Though it is true that we must make mistakes before we can get things right. Hence newbies may endevour into things they want to have - this may have a positive or a negative impact. In trading as long as the amount traded is not huge, even a small loss is worth it - since that will be a lesson for the trader, a lesson they will never forget.
However I suggest everyone to learn about trading, market capitals, how and when to buy/sell and how to not go for panic selling.
There is no specific time to become a trader, it completely depends on the way you acquire knowledge about trading. Trading is a completely different task where you have to manage yourselves according to the situation of the market. Once you are confident about your money management through trading, then you can start trading.
yes there's no specific time to become a trader. Many newbies when something is hype, they keep on telling "I want to be like that, I want it". They are not thinking that this type of career isn't something that needs focus and good knowledge for the market of bitcoin. I guess when you've got enough knowledge on it, that's the best time to become a trader.
There is no specific time to become a trader, it completely depends on the way you acquire knowledge about trading. Trading is a completely different task where you have to manage yourselves according to the situation of the market. Once you are confident about your money management through trading, then you can start trading.
yes there's no specific time to become a trader. Many newbies when something is hype, they keep on telling "I want to be like that, I want it". They are not thinking that this type of career isn't something that needs focus and good knowledge for the market of bitcoin. I guess when you've got enough knowledge on it, that's the best time to become a trader.
There is no specific time to become a trader, it completely depends on the way you acquire knowledge about trading. Trading is a completely different task where you have to manage yourselves according to the situation of the market. Once you are confident about your money management through trading, then you can start trading.
Seeing the price and status of bitcoin today, yeah right now is the best time to become a trader. If those newbies out there will miss on learning today.
For sure they will regret that becoming a trader today has still a big advantage in the bitcoin economy. Just like those early adopters.
Still it's good to be considered that bitcoin is still on the $1,000 and if they will miss it today upon coming back price of bitcoin will be higher than that.
Anytime could always be a good time to start on trading its either on bitcoin or forex it doesnt matter as long you do know the principles and the most important thing to be learned before you engage into it.Seeing on the current price of bitcoin its not good to trade since there no such movement that would able to be profitable but if the sudden price jump would continue its a good way to earn now.For sure they will regret that becoming a trader today has still a big advantage in the bitcoin economy. Just like those early adopters.
Still it's good to be considered that bitcoin is still on the $1,000 and if they will miss it today upon coming back price of bitcoin will be higher than that.
I agree that the current price is good for selling and seeing the rise in price may attract even more traders into the economy. Hence the prices are not going to fall anytime soon. But the price is too high to buy at the moment for average earning people and so I think its better to wait till prices drop before buying again.
Price dips may happen soon and we must seize the opportunity to buy some more and then sell it when such surges happen in future again.
Well the price is moving faster and right now I would say that its the right time to buy as the price is dropping right now.
Maybe you haven't checked it out guys so for those newcomers there it's the right time to buy your own coins right now.
And just wait for it to increase again.
I think the best time to become a trader :
- when you know the basic knowledge of trading.
- when you have some money to start
- when you are ready to lose your money, dont trade if you are afraid to lose your money!
- when you know the basic knowledge of trading.
- when you have some money to start
- when you are ready to lose your money, dont trade if you are afraid to lose your money!
I guess as long as you are ready you can be a trader and you already read and learn on how the trading industry runs, for sure you gonna be successful on that thing.
Seeing the price and status of bitcoin today, yeah right now is the best time to become a trader. If those newbies out there will miss on learning today.
For sure they will regret that becoming a trader today has still a big advantage in the bitcoin economy. Just like those early adopters.
Still it's good to be considered that bitcoin is still on the $1,000 and if they will miss it today upon coming back price of bitcoin will be higher than that.
Anytime could always be a good time to start on trading its either on bitcoin or forex it doesnt matter as long you do know the principles and the most important thing to be learned before you engage into it.Seeing on the current price of bitcoin its not good to trade since there no such movement that would able to be profitable but if the sudden price jump would continue its a good way to earn now.For sure they will regret that becoming a trader today has still a big advantage in the bitcoin economy. Just like those early adopters.
Still it's good to be considered that bitcoin is still on the $1,000 and if they will miss it today upon coming back price of bitcoin will be higher than that.
I agree that the current price is good for selling and seeing the rise in price may attract even more traders into the economy. Hence the prices are not going to fall anytime soon. But the price is too high to buy at the moment for average earning people and so I think its better to wait till prices drop before buying again.
Price dips may happen soon and we must seize the opportunity to buy some more and then sell it when such surges happen in future again.
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